Casualty Loss definition
Casualty Loss means, with respect to any item of Equipment, the loss, theft, damage beyond repair or governmental condemnation or seizure of such item of Equipment.
Casualty Loss has the meaning set forth in Section 6.3(b).
Casualty Loss means the irreparable loss or destruction of Equipment.
Examples of Casualty Loss in a sentence
Except for ordinary wear and tear and Casualty Loss, and those repairs, 273 replacements or treatments required to be made by this Contract, Seller shall maintain the Property, including, but 274 not limited to, lawn, shrubbery, and pool, in the condition existing as of Effective Date (“Maintenance Requirement”).
If any item of the Equipment shall be lost, stolen, destroyed or irreparably damaged for any cause whatsoever (Casualty Loss), LESSOR shall be solely responsible, as between LESSOR and LESSEE.
If any item of Equipment suffers Casualty Loss, or shall be otherwise damaged, on or after delivery, LESSOR shall be responsible for its repair and/or replacement.
More Definitions of Casualty Loss
Casualty Loss is defined in Section 6.5(a).
Casualty Loss means any loss, damage or reduction in value resulting from mechanical failure or defects, catastrophic occurrences, acts of God and any other losses which are not the result of (i) normal wear and tear, (ii) natural reservoir changes or (iii) changes in commodity pricing, operating expenses or the financial condition of a Party.
Casualty Loss means, with respect to all or any portion of the Assets, any destruction by fire, storm or other casualty, or any condemnation or taking or threatened condemnation or taking, of all or any portion of the Assets.
Casualty Loss has the meaning specified in Section 2.4.
Casualty Loss means such term as defined in Section 7.6.
Casualty Loss has the meaning set forth in Section 6.18(a).
Casualty Loss as used herein, means, for any Person, (i) the loss, damage, or destruction of any asset or property owned or used by such Person, (ii) the condemnation, confiscation, or other taking, in whole or in part, of any such asset or property, or (iii) the diminishment of the use of any such asset or property so as to render impracticable or unreasonable the use thereof for its intended purpose.